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> California's marginal tax rate was over 50%, Is that really true? This official calculator [1] says I'd have to pay only 16k on 200k income. And this source
by bildung 7y ago
> California's marginal tax rate was over 50%,
Is that really true? This official calculator [1] says I'd have to pay only 16k on 200k income.
And this source [2] says income tax tops out at 13.3%.
[1] = https://webapp.ftb.ca.gov/TaxCalc/Home/Results https://webapp.ftb.ca.gov/TaxCalc/Home/Results
[2] = https://www.communitytax.com/state-taxes/california-taxes/ https://www.communitytax.com/state-taxes/california-taxes/
- shuckles 7y agoThey mean on top of federal taxes. The right phrasing is probably "The marginal tax rate for a California resident."
- deleted 7y ago[deleted]
- jandrewrogers 7y agoThat is on top of the Federal tax rate. Americans pay into two separate tax systems. It would be like paying taxes to the EU in addition to your country, which is how the US system works.
- kbrackbill 7y agoI'm guessing they're talking about the total taxes for someone living in California, including federal and local as well as state.
- mywittyname 7y agoWhich is disingenuous, because 75% of those taxes would remain, regardless of where a person lives in the US.
- zepto 7y agoIt‘s not disingenuous - the point was that a lot of tax is being collected not that California is special. Tax is comparable to Europe and yet services are not. The problem is therefore the government.
- phamilton 7y ago16k on 200k isn't a marginal rate calculation. Top federal rate is 37%, top state rate is 13.3%. Total top marginal rate is 50.3%.